What type of cognitive bias reveals

Assignment Help Managerial Accounting
Reference no: EM132541560

In the 1970s, one million college-bound students were surveyed and asked to compare themselves to their peers. Some of the key findings of the survey were as follows:

a. 70% of the students rated themselves as above average in leadership ability, while only 2% rated themselves as below average in this regard.

b. With respect to athletic skills, 60% of the students rated their skills as above the median and only 6% of students rated themselves as below the median.

c. . 60% of the students rated themselves in the top 10% in terms of their ability to get along with others, while 25% of the students felt that they were in the top 1% in terms of this interpersonal skill.

Required:

Question 1: What type of cognitive bias reveals itself in the data mentioned above? How might this cognitive bias adversely influence a manager's planning, controlling, and decision-making activities? What steps could managers.

Reference no: EM132541560

Questions Cloud

Crime statistics tell us about crime picture in america : What can crime statistics tell us about the crime picture in America? What four broad categories of criminal defenses does our legal system recognize?
Describe how dorothea orem theory : Explain how Dorothea Orem's theory can be applied to you daily nursing profession? Minimum of 150 words. The response must be typed.
How budgeting process as employed by springfield corporation : How the budgeting process as employed by Springfield Corporation contributes to thefailure to achieve the president's sales and profit targets
Specify when to refer the patient after therapy and why : Specify when to refer the patient after therapy and why? Provide a rationale. Provide patient education. Keep in mind the past medical history of this patient.
What type of cognitive bias reveals : How might this cognitive bias adversely influence a manager's planning, controlling, and decision-making activities? What steps could managers.
What did you learn about refugee health nursing issues : What did you learn about refugee health nursing issues that you did not know before? Name two key points you learned from the class and/or the text that helped.
Classified the direct labor and direct materials : For each cost, indicate whether it would most likely be classified as direct labor, direct materials ,manufacturing overhead, selling, or an administrative cost
Discuss security and discuss punishment : Are we giving up on any hope of rehabilitation when we put someone in a supermax prison? Discuss Security? Discuss Punishment?
Main deficiencies of the leader-follower relationship : For the leader looking to employ the "successful" leadership style, what are the main deficiencies of the Leader-Follower relationship?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How does inventory turnover provide information

What three factors would influence your evaluation as to whether a company's current ratio is good or bad, why - What does the number of days

  Can calculate the direct material per unit

Can calculate the direct material per unit? If there are 31 components to produce one product but each component costs differently

  Find the direct labor efficiency variance

Find the direct labor efficiency variance if the company produced 3,500 units during the period? Actual hours worked,Direct labor standard

  How can managers choose between different? strategies

How can managers choose between different? strategies? Managers determine the best course of action based on their employees and their schedules.

  How much external financing will need

directly with sales, and the firm expects to maintain its dividend payout ratio of 50%, how much external financing will it need to support its growth?

  Dollar general corporation

What is the impact of this method of creating the profit-and-loss statement on management decision making and what is the impact of this method of creating the profit-and-loss statement on business performance?

  Question 1 hackerott camera is considering eliminating

question 1 hackerott camera is considering eliminating model ae1 from its camera line because of losses over the past

  Find the total amount of cash expected to be received

Cash sales are normally 25% of total sales,Find The total amount of cash expected to be received from customers in September is?

  Budgeting is an important internal activity preparing

budgeting is an important internal activity. preparing budgets involves forecasting sales and estimating costs. for

  What is the amount of total manufacturing cost for period

Jordan Sports Inc.What is the amount of total manufacturing cost for the period? (Enter your answer in millions rounded to 1 decimal place.)

  Determine the total contribution margin at break-even point

Determine What will be the total contribution margin at the break-even point? Green Corporation has two divisions; Outdoor Sports and Indoor Sports.

  Develop a cost estimation equation for netflixs annual cost

Develop a cost estimation equation for Netflix's annual cost of revenues and operating expenses b. Determine Netflix's annual break-even point

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd